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Bitcoin Nears Undervalued Zone
MVRV Signal: Bitcoin MVRV Z-Score at 0.51, nearing undervalued zone with historical buying opportunities
Technicals: Price at $66,859, down 0.94% in 24h, Fear & Greed Index at 8 (Extreme fear)
Catalysts: BlackRock IBIT ETF AUM at $54.12B, corporate Bitcoin acquisition of $3.5B in Jan 2025
Whale Activity: Short whales hold 47,780 BTC at avg $84,200, longs hold 16,476 BTC at $77,288
Market Status:
BTC trades at $66,859, down 0.94% in 24 hours, 30-day decline of 30.1% from recent highs
Market cap at $1.34T, down from $1.37T, with 24-hour volume of $44.9B
Fear & Greed Index at 8, indicating "Extreme fear" sentiment, the lowest level in recent months
BlackRock's IBIT Bitcoin ETF reaches $54.12B in AUM, commanding nearly 50% of RIA-allocated crypto ETF capital
Trading Strategy:
Key support identified at $64,000-$66,000 with significant long liquidations, while resistance at $69,000-$74,000 has short liquidations
MVRV Z-Score at 0.51 suggests Bitcoin is approaching undervalued territory, historically a strong accumulation zone
Consider buying in the $64,000-$66,000 range with a stop-loss below $63,000, targeting a mean reversion to $80,000+
RSI neutral at current levels, MACD shows mixed signals, volume needs to expand above $50B for sustained breakout
Risk Warning:
Extreme fear sentiment (index of 8) often precedes market bottoms but also indicates strong selling pressure and low confidence
Exchange net inflow of large whale deposits (10,235 BTC to Binance) suggests potential short-term selling pressure and volatility
High leverage positions near $64,000 could trigger $850M in long liquidations, increasing downside volatility risk Link
MVRV Signal: Bitcoin MVRV Z-Score at 0.51, nearing undervalued zone with historical buying opportunities
Technicals: Price at $66,859, down 0.94% in 24h, Fear & Greed Index at 8 (Extreme fear)
Catalysts: BlackRock IBIT ETF AUM at $54.12B, corporate Bitcoin acquisition of $3.5B in Jan 2025
Whale Activity: Short whales hold 47,780 BTC at avg $84,200, longs hold 16,476 BTC at $77,288
Market Status:
BTC trades at $66,859, down 0.94% in 24 hours, 30-day decline of 30.1% from recent highs
Market cap at $1.34T, down from $1.37T, with 24-hour volume of $44.9B
Fear & Greed Index at 8, indicating "Extreme fear" sentiment, the lowest level in recent months
BlackRock's IBIT Bitcoin ETF reaches $54.12B in AUM, commanding nearly 50% of RIA-allocated crypto ETF capital
Trading Strategy:
Key support identified at $64,000-$66,000 with significant long liquidations, while resistance at $69,000-$74,000 has short liquidations
MVRV Z-Score at 0.51 suggests Bitcoin is approaching undervalued territory, historically a strong accumulation zone
Consider buying in the $64,000-$66,000 range with a stop-loss below $63,000, targeting a mean reversion to $80,000+
RSI neutral at current levels, MACD shows mixed signals, volume needs to expand above $50B for sustained breakout
Risk Warning:
Extreme fear sentiment (index of 8) often precedes market bottoms but also indicates strong selling pressure and low confidence
Exchange net inflow of large whale deposits (10,235 BTC to Binance) suggests potential short-term selling pressure and volatility
High leverage positions near $64,000 could trigger $850M in long liquidations, increasing downside volatility risk Link
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